FriendFinder Networks Seeks $60 Million in Initial Offering
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FriendFinder Networks Inc., the publisher of Penthouse magazine, will seek as much as $60 million in an initial public offering after postponing an IPO last year that sought to raise four times that amount.
The Boca Raton, Florida-based operator of websites including AdultFriendFinder.com and Cams.com will attempt to sell 5 million shares at $10 to $12 each, according to a filing with the U.S. Securities and Exchange Commission.